I want to re-share a post I wrote in November of 2009 with details about how I got started in the domain investment business. There are two reasons why I want to share this article with you again.
The first reason is that it’s a question I am frequently asked, and I often send people to this post when they do ask. Secondly (and quite sadly), the person who I credit with pushing me to start my own business was diagnosed with Creutzfeldt–Jakob disease, an incurable and fatal disease.
My parents are visiting with him in California this week, and I want to give a special thanks again to him. If it wasn’t for his advice, I would probably still be a Marketing Manager in corporate America.
I feel like I’ve probably told the story a bunch of times (which I am sure I have), but since a number of people have asked me recently, I want to share the story of how I became a domain investor.
When I was a NYU in 2002-03, I went to help a family friend clean the movie ride curtains at the Empire State Building since I lived less than a block away. For two days, we talked about how expensive the City was – especially for a grad student. My Dad’s friend recommended that I find some sort of product to sell and that I should sell it easily on Ebay. I looked around for a number of things – custom pencils (no margin), art (did some buying and selling) and finally I saw people selling domain names.
I would see names selling for a few hundred dollars, and when I went to Network Solutions, I saw that similar names were available for just $35.00. I bought my first name, and for the life of me I can’t remember what it was. I think it was a legal name with a hyphen. I remember I sold it after two auctions and broke even. Shortly thereafter… Read More